News.
Change - Announcement Of Cessation Of Chief Executive Officer (Technology Products & Solutions)
BackOct 01, 2024
| Announcement Title | Change - Announcement of Cessation |
| Date & Time of Broadcast | Oct 1, 2024 7:58 |
| Status | New |
| Announcement Sub Title | Cessation of Chief Executive Officer (Technology Products & Solutions) |
| Announcement Reference | SG241001OTHR2X4C |
| Submitted By (Co./ Ind. Name) | Juliana Zhang |
| Designation | Company Secretary |
| Description (Please provide a detailed description of the event in the box below) | Cessation of Mr Lee Ghai Keen as Chief Executive Officer (Technology Products & Solutions) on 31 October 2024 |
| Additional Details | |
| Name Of Person | Lee Ghai Keen |
| Age | 69 |
| Is effective date of cessation known? | Yes |
| If yes, please provide the date | 31/10/2024 |
| Detailed Reason (s) for cessation | Mr Lee Ghai Keen has resigned due to personal reasons. The Board wishes to thank Mr Lee for his service and contributions to the Company. |
| Are there any unresolved differences in opinion on material matters between the person and the board of directors, including matters which would have a material impact on the group or its financial reporting? | No |
| Is there any matter in relation to the cessation that needs to be brought to the attention of the shareholders of the listed issuer? | No |
| Any other relevant information to be provided to shareholders of the listed issuer? | No |
| Date of Appointment to current position | 01/01/2022 |
| Does the AC have a minimum of 3 members (taking into account this cessation)? | Yes |
| Number of Independent Directors currently resident in Singapore (taking into account this cessation) | 5 |
| Number of cessations of appointments specified in Listing Rule 704 (7) or Catalist Rule 704 (6) over the past 12 months | 2 |
| Job Title (e.g. Lead ID, AC Chairman, AC Member etc.) | Chief Executive Officer (Technology Products & Solutions) |
| Role and responsibilities | Mr Lee Ghai Keen oversees the Technology Products & Solutions ("TPS") businesses which comprise primarily the Life-Science & Genomics domain, the Custom Design Business and the Solutions & Strategic Modules Business, all of which fall under the Ventech Group. TPS also oversees the Precision Engineering Business, undertaken by entities under the Univac Group. |
| Familial relationship with any director and/ or substantial shareholder of the listed issuer or of any of its principal subsidiaries | Nil |
| Shareholding interest in the listed issuer and its subsidiaries? | Yes |
| Shareholding Details | Venture Corporation Limited: - 110,000 ordinary shares (Direct Interest) - 67,000 share options pursuant to the Venture Corporation Executives' Share Option Scheme 2015 - 50,000 unvested Restricted Shares pursuant to the Venture Corporation Restricted Share Plan 2011 and Venture Corporation Restricted Share Plan 2021 |
| Past (for the last 5 years) | Please see Annex |
| Present | Please see Annex |
Attachments
- Annex (Size: 221,586 bytes)
